The Oscars will remain under the Disney umbrella through 2020 after a new agreement was reached on Friday with the Motion Picture Academy.
The new deal ensures Disney Media Distribution will continue to own the worldwide distribution rights for another eight years. The current deal was set to expire in 2014. The Oscars is distributed to 225 counties across the world.
Last year, ABC and the Academy reached an agreement for the domestic TV rights of the Oscars through 2020.